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02-03-2016, 09:08 PM
#7181
Originally Posted by Paper Tiger
Dairy prices up = Heartland up - You know how some people think.
Best Wishes
Paper Tiger
Maybe ... but just check out how the big banks took off today: ANZ up 4.5%, the others around 3% similar to HBL . Sure this is just the milk?
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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02-03-2016, 09:16 PM
#7182
Originally Posted by nextbigthing
Yes! $1.60 by Christmas is the word on the street.
Just like last Christmas, right?
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02-03-2016, 09:30 PM
#7183
Originally Posted by trader_jackson
Just like last Christmas, right?
Correct
But Grimy does raise a good point;
Originally Posted by Grimy
Be very careful of word on the street.........
He/she is right. It could be over $1.60, more like $1.80+. Don't forget to prepare for this possibility, be careful
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02-03-2016, 10:03 PM
#7184
Member
Originally Posted by winner69
I always get the $1.11 and the $1.32 mixed up. Pease forgive me - the price is so up and down.
Probably be $1.32 again ......just like last year
You are forgiven W69
This is why I like the drip and want the share price to stay low ��:
5/4/16. $1.198 (3.5 CPS)
29/9/15. $1.11 (4.5CPS)
27/3/15. $1.32 (3.0 CPS)
29/9/14. $1.015 (3.5 CPS)
20/3/14. $0.8606 (2.5 CPS)
1/10/13. $0.826 (2.5 CPS)
The magic of compounding ��������
Last edited by SCOTTY; 30-03-2016 at 05:15 PM.
Reason: Update
SCOTTY
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03-03-2016, 05:18 PM
#7185
Originally Posted by SCOTTY
You are forgiven W69
This is why I like the drip and want the share price to stay low :
29/9/15. $1.11 ( 4.5 CPS)
27/3/15. $1.32 ( 3.0 CPS)
29/9/14. $1.015 ( 3.5 CPS)
20/3/14. $0.8606 (2.5 CPS)
1/10/13. $0.826 (2.5 CPS)
The magic of compounding
The magic of compounding with an increasing dividend
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04-03-2016, 08:25 AM
#7186
Member
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08-03-2016, 09:10 PM
#7187
Westpac nz worried about stressed rural loans. Aren't we lucky that heartland have avoided such impending turmoil by their prudent approach
From sharechat.co.nz
Westpac’s New Zealand business has seen an increase in “stressed” loans amid a weakening of the country’s agricultural sector, which is highly exposed to the global crash in dairy prices.
Westpac said today its New Zealand arm, which accounts for 11 per cent of the bank’s total cash earnings, saw an increase in stressed lending in its agricultural loan portfolio over the three months through December, rising to 4.2 per cent of lending, up from 3.9 per cent in the September quarter.
Although the percentage of impaired loans held steady at 0.34 over the quarter, Westpac said low dairy payouts were causing a rise in stressed loans. Agricultural loans make up nearly 8 per cent of the NZ arm’s portfolio, with dairy accounting for around 70 per cent of the $NZ8 billion agricultural loan book.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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08-03-2016, 09:28 PM
#7188
Originally Posted by winner69
Westpac nz worried about stressed rural loans. Aren't we lucky that heartland have avoided such impending turmoil by their prudent approach
From sharechat.co.nz
Westpac’s New Zealand business has seen an increase in “stressed” loans amid a weakening of the country’s agricultural sector, which is highly exposed to the global crash in dairy prices.
Westpac said today its New Zealand arm, which accounts for 11 per cent of the bank’s total cash earnings, saw an increase in stressed lending in its agricultural loan portfolio over the three months through December, rising to 4.2 per cent of lending, up from 3.9 per cent in the September quarter.
Although the percentage of impaired loans held steady at 0.34 over the quarter, Westpac said low dairy payouts were causing a rise in stressed loans. Agricultural loans make up nearly 8 per cent of the NZ arm’s portfolio, with dairy accounting for around 70 per cent of the $NZ8 billion agricultural loan book.
Sweet, simply excellent
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08-03-2016, 11:16 PM
#7189
Recategorize the problem
Originally Posted by winner69
Westpac nz worried about stressed rural loans. Aren't we lucky that heartland have avoided such impending turmoil by their prudent approach
From sharechat.co.nz
Westpac’s New Zealand business has seen an increase in “stressed” loans amid a weakening of the country’s agricultural sector, which is highly exposed to the global crash in dairy prices.
Westpac said today its New Zealand arm, which accounts for 11 per cent of the bank’s total cash earnings, saw an increase in stressed lending in its agricultural loan portfolio over the three months through December, rising to 4.2 per cent of lending, up from 3.9 per cent in the September quarter.
Although the percentage of impaired loans held steady at 0.34 over the quarter, Westpac said low dairy payouts were causing a rise in stressed loans. Agricultural loans make up nearly 8 per cent of the NZ arm’s portfolio, with dairy accounting for around 70 per cent of the $NZ8 billion agricultural loan book.
Couple of items:
Firstly --
You can see why the Reserve Bank does not worry about Heartland going phut:
Westpac has a dairy loan size of about portfolio of $5.5B;
Heartland has a TOTAL loan size of $2.9B.
[Important Note: I sincerely hope that the Heartland does not go phut.]
Lastly --
Any idea how Westpac defines stressed?
Here is all the Heartland Rural loans past due or impaired at end of Jun & Dec:
($ are thousands; big numbers at bottom: total rural loans)
As you can see they shuffled a lot of the 90+ loans over to [individually] impaired (which essentially means there are keeping a closer eye on them).
Outside of that there is little change and so far, actual provision for impairment is still insignificant.
Best Wishes
Paper Tiger
Last edited by Snow Leopard; 08-03-2016 at 11:50 PM.
Reason: put some small text in
om mani peme hum
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09-03-2016, 09:32 AM
#7190
http://a.msn.com/r/2/AAgxhkS?a=0&m=en-nz
HBL wise not to foreclose on anyone. Little birdie told me the other day after talking to a leading farm broker they had "Listings for Africa" and anyone interested in buying could basically name their own terms.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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